Bill 6 — First Session, 17Th Legislature, 21 Elizabeth Ii the Legislative Assembly of Alberta Bill 6 the Alberta Loan Act, 1972 the Provincial Treasurer (Legislature 17, Session 1)

L17 S1 4987

Alberta — Bills

1972 Bill First Session, 17th Legislature, 21 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL The Alberta Loan Act, 1972 THE PROVINCIAL TREASURER First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading ............................. . Third Reading .............................. . Printed by L. S. Wall, Q'ueen's Printe.r, Edmonton BILL THE ALBERTA LOAN ACT, 1972 (Assented to , 1972) HER MAJESTY, by and with the advice and consent of ,the Legislative Assembl,y of Alberta, ena'ots as foUows: 1.

The Lieutenant Governor in Council is he'reby author ized to' raise fr'Om time to time by way 'Of loan such sum or sums of money as are considered expedient for any or all of the following purposes: (

a) for the publk s'ervice; (

h) for discharging any indebtedness or obligati'On 'Of the Government .of Alberta; (

c) for reimbursing the General Revenue Fund for any m.oneys expended in dischar'ging any indebted ness or obligation of the Government of Alberta; (

d) for making any pay!ments aJuthorized or required by any Act to be m,ade out of the General Revenue Fund; (

e) f.or reimburs,ing the General Rev,enue Fund f'Or any payments S.o authorized or 'required; (

f) for tJhe carrying on 'Of the public works authorized by the Legislature. 2. The principal !amount of 'any securities issued and soLd for the purp.ose of raising any sum or sums of money by way of loan authorized by this Act together with the amount of any temporary ,loans raised under this Act, to the extent that those temporary loans (

a) are from time to time outstanding, or (b) !have been paid from the proceeds of securities issued and sold under the authority of The Finan cial Administration Act for the purpose of such payment, shall not exceed in the aggregate $200,000,000. 3. The sum or sums O'f mO'ney authorized to' be raised b~ :this Act for the pUTIposes, mentiO'ned herein are in ad dition to all sums 'Of money authorized to Ibe raised by way of loan un:der any other Act. 4. The sum or sums of money authorized to' be :vaised by this Act (Ia) may he raised in any manner prO'vided by The Financial Administration Act, and (

b) shall be raised upon the eredit of the General Revenue Fund and are chargeable thereupon. 5. 'This Act comes into force on the day upon which it is assented to. 2 Title: 1972 (17th, 1st) Bill 6, The Alberta Loan Act, 1972

Document details

Collection	Alberta — Bills
Citation	L17 S1 4987
Type	bill
Volume / chapter	L17 S1 4987
Language	en
Format	json
Source	PROVINCIAL
Identifier	d89fcfa136b799b67de5a8014b1fe9d4e7343d10

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